Grandkid Legacy
Grandkid Legacy Savings Tool
See how a small monthly gift creates a lifetime of opportunity.
$100
At Age 18, they'll have:
$0
Total You Contributed:
$0
Free Market Growth:
$0
What could this buy?
Give a Gift That Never Stops Giving
Establishing a trust or a tax-advantaged 529 plan ensures your hard-earned money is protected for their future. Let's find the right vehicle for your legacy.
The Logic Behind the Tool
here is the mathematical and strategic logic:
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Compound Interest Formula:
The tool uses the Future Value of an Ordinary Annuity formula:
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FV = P × ((1 + r)n − 1) / r P= Monthly Contributionr= Monthly interest rate (Annual Rate / 12)n= Total number of months (Years until target age × 12)
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- Conservative Growth Assumptions: Seniors are generally risk-averse. The tool defaults to a 6% annual return, which is a balanced historical average for a diversified legacy portfolio, but allows them to adjust it.
- The "Hero" Factor: The tool calculates the "Total Invested" vs. the "Interest Earned." This demonstrates that the senior isn't just "giving money," they are "creating wealth" that didn't exist before, making them the financial hero of the family.
- Milestone Benchmarking: It compares the final result against real-world costs (e.g., "This could cover 2 years of tuition" or "This is a 20% down payment on a starter home").
